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<br /> 8. Tltc 8cneficiary•, or its a�cnts, arc authori•r.c4 to cntcr at any rcasou�ble lime upon e�r in any part of'ihe propciTy for thc -
<br /> Ol1i�ID!:C Q����S�zct�nB titc,:tmc and for tltc purpos�oP n�rfonnin��e�y of Utc ncts tftcy arc auchorircd to p�rforni widcr�hc tcPmS of �
<br /> any lo:►n instn�mcnts cxecutcd by Tn►stors. I '
<br />; , ` y. If a;l or nny part of'thc nropcYiy nr nny intcrest of Tmstors is�olA, uai�sfcrred or furih,,r encumbcrcd witho►►t thc writt��
<br /> conscni of thc Aeneflciary, thc penct"iciary mny dcclarc a!1 sums securesl by this Trust Dccfi to bc imnicdi�tcly duc;►nd�ayablc nnd -
<br /> ` � , procccd to thc rcin�dics avnilabic to it undcr�hc dcfi�ult provisic�ns cantaincd t�crciu. �
<br /> 10. Aay of thc follotiding cvcnts shall bc dccmcd an cvcnt of dcfault hcrcundcr: L* -
<br /> � w. Tn�stnrs si�aS!havc failcd to m.:�lcc gaymcnt of an}�installmcne of prinsipal or mtcrest nr nny mhr,r sums secured hcrcby witen
<br /> � �� duc;
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<br /> � - b. There has occurrcd a breach of or dcfault under any term, covcnnnt, �grccment, condiUon, provision, represcntation or -
<br /> � „�,�•-' wattanry containcd in this Dced of Trust,the notc or any othcr loan instrumcnt sc�urcA hcrcby; ,
<br /> .� c. Therc has bccn a dcfault by the 1'rustors in tt►c paymcnt of�ny priar or subscquent licn or cncumbrance in respcct to nll or any
<br />• part of thc property; ,; ._ '•`'
<br /> d. Trustors sl�al! file a voluntary pctition in bankruptcy ot shall be adjudicated banktup! or ituolven� or chnll rr�aks an � �'�`
<br /> �� .. assignmcnt far thc bcacfit ofcrcditors in respcct to tl�c prapc►ty;or�n action to enforcc any licn ar cncumbr�ncc or judgmcti�ts �'�,'. �;�.a�� ''-�
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<br /> . against thc propert�•is commcnccd. '� ';�', � .;..Y�'•. ",..
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<br /> 11. In the event of any dcfault,the Bcneficiary may dec:larc all indcbtcdncss sccurcd hcrcby to bc duc nnd payablc and ttic sa�x�e ' .�.;r.;•�;i:�°
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<br />_ � shaU ti►ereupon become due and payable without any presentment,demand,protest or notice of any kind, Thereafler.the Beneficiary . • ,••- ,�_
<br /> , ntay: ;�t��;.�_��_,_�
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<br /> ',� a. cither in person or by agent, with or�vithout bringing any acuon or proceeding, or by rcxciver appointed by a oaurt iuul - '�"°---
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<br /> � " �vithout rcgard to the adequAry of any security,enter upon and takc possession of the property,or any parl thcreof,iu its ow►► �c��.:��- �
<br /> • namc or in the name of thc Trustc�, and do any acts «�hich it dcems neoessary and dcsirablc to preservc ihc valuc, ��:'_-
<br /> ':� marketability or rentability of the property, or part tliereaf,or interest therein, increase Ihe income therefrotn or protect the 1�:`,:P�;�==--
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<br /> - �� security hereof and without takiug possession of th�property, sue for or othenvisc collect the rcnts,issues and profits thereof, '�'�-���
<br />- includin� those past due and unpaid, and apply thc samc, [css costs and expenscs of operation and collcction, including ��` ; ;--
<br /> `� •� attoi�ney fc�es,upon any indebtedness sc�ued hereby,all in such order as the Beneficiary may detemune. The enteriag upon ,,� r
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<br /> • ;;, and taking possession oF the trust estate,the collection of sueh rents,issues and rofits and a lication thereof as aforesaid �°�-- `
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<br /> '' '�' shall not curc or waivc arry default ur notice of default herei�ndcr or invalidate any act and in response to siKh default ur -
<br />. � pwsunnt to such nouce of default and nanvithstanding thc conqnuance in possesston of the pro�crty or thc coliect�on, rcceiix .���"���
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<br /> w �nd applicauon of rents,issurs or profits.Trustce or thc�eneficiary may be enUticx!to excrcise cvery right provided for in any �. .;,-x�_��� _
<br /> of thc loan instruments or by law upon occurrcnce of any event of default,including the right to exercise the po�ver of s.�lc;
<br /> ' b. commenee an action to for�xbse this Deed of Trust as a mortgage, appomt a receivcr, or specincal'ry entvrcc arry oi ino •;i:::.�. '�: '
<br /> ' � covcnants hcrcof: `
<br /> • c. deliver to Truste�u �vritten declaration of default and demand for sal�, and written notice of dcfault and ela;tion to cause �
<br /> � � Trustors' interest in the property to be sold, which►zuvice Trustee sh111 cause to be duly filr.d for record in tlic official records �<'.
<br /> af the county in whicli the properry is lopted. ;�,`'.
<br /> �� 12. Should the Benefiiciary elec�to fareclose by exercise of the power af sale herein contained,the Benefici:►ry shall notify Ttustee '�
<br /> nnd sl�all deposit with'Trustce this Dced of Trust and the note and such receipts and evidence of cxpenditures nu�de and secured , . ;, �,
<br /> " hereby as Ttustee may require. and upon request of the Beneficiary, the Trustee shall cause to bc recorded, published and delivered i�f
<br /> to Trustor such 1Votice of Default and Notice of Sale as then required by law and by this Dced qf Trust.Tcustce sh.�il without den�and . ��
<br /> qn'I'rustor,after such time as may Qicn be required by law and after recortiauon of such Notice of Default and aftea Notice of Sale .
<br /> having been given as required by law,sell the praperty at the bmc and place of sale fiKed by it in such Notice of 5s1c, cither ns a ,r .��
<br /> . �vhole, or in separate lots or parcels or items as Trustec shal] decm expedient, and in such order as it may deternnine, at public ,��,,r;,f
<br /> ' hi hest bidder for cash and shall deliver to such pwchaser or purchasers thereoi'a deed to the property sold,consistent , ' "���
<br /> auction to tne s
<br />� ° with the law then in effect. Recitals in the Trust:x's dced shall be prima facie evidence of the trulh of the statements made tlicrei�. ( ��K,i���•..
<br /> ' Tn�stee shall apply thc procceds of thc sale in the follo�ving ordcr:(a)to aU rcasonablc wsts and expcnses of thc salc,including bui �
<br /> nos limited to Teustee's fccs of not more than 2%of the gross sale price,reasonable auorne}•fees an@ costs of title evi�ience;(b)to all i �
<br />_ sum, sec�ued by this Dced of 3'rust; and (c) the excess, if any, to thc person or persons Icgally cnpticd therelo. Any person, '::r
<br /> inclurling the 3eneficiary.may purchase said prooerty at said sale. Tcustee may in the mann�r providcd by law,postpone sale of all j ��i,�
<br /> or am•portion of thc property. , .,.
<br /> 13. Trustee and the Beneficiary.and each of them, shall be entitled to enforce payment and pedonr.ance of any indebtedrtess or j,
<br /> obljg�uon sccured hcreby and to esercise all rights and po�ti�ers undcr this Da:d of Trust or undcr any loan instnuncnt or othcr ,i
<br /> " agreemcnt or any laws nor ar her�2er enforced nonvithstancling some or all of'the indebiedness and obligatiw�s secured hereby ; ,
<br />- � ° ' ., which may now or hercafter be othcnvise sccurcd, whethcr by mortgage, deed of trust, plcdge, liea flssignment or othenvisc. � ,
<br />" Neither d►e acceptance of this Deed of Trust nor its enforcement,whether by coart action or pursuant.to the po«•er of sale or oti�er �
<br /> powers herein contained,shall prejudix or in a��y manner affect Trustee's ot the Beneficiary's right to realiie upon or enforce any
<br /> , other securiry no�v or hereafter held by Trust�or the Bencfi�iary, it being agreed tluit Tnutce an�l the Benefician•, and each of
<br />- them,shall be entitled to enforce this Deed of Trust and anr•other secunty no�v or hercaflen c�ld by the Beneficiaip or Trustee in
<br />'- such ordcr and mamicr as thcy may in thcir absolutc discrction dctccminc. No rcmcdy hcrcin confcncd upon or resc�ved to Tnistcc
<br /> . or Beneficiary is intended to be exclusive of anr•other remedy herein or by law pruvided or permitted, but cach shall ke cumulmive
<br /> �nd shall be in addipon to e�•ery athcr rcmaiy given hereunder or notiv on c�rcaftcr cxisting at law or equity or by statute. Every
<br /> po�xer or remedy���cn by any of the loan instnunents to Tr¢stce or the Bcncficiary or to wliich cither of them ma}•be otlienvise
<br /> � � entitled may be excrcised.concurrenily or indcpendendy, from time to time and as often as may be deemed expedient by Trustee or ,
<br /> '' Acncficiary,and cithcr of tlicm may pursuc inconsistent rcmcdics.Nothing hcrcin shall bc construcd as prohibitin�thc Bcneficiar�•
<br />- _ ___ .::r'`._ from seekiue a deficiencv iud�ment��;ainst Trustors to the extent such actian is psrmitted b}•law.
<br /> � " 14. Trustors hereby �quest a copy af any uotice of default and that any notice of sale hercunder be m.iiled to Trustors at tlie �
<br /> - address sct forth in tltc ficst paragraph of t}us Dced af Trust.
<br /> - IS. The Beneftciary may,by a i�ritten instrument e�atuted and acknow(edged b}�Beneficiary•.mailed ro Tcustots and recordcd m
<br /> thc County in�vhich thc pr4perty is located and by othcnvisc complying�oith thc provisions of thc appl�cablc la�v of tl�c St��tc of
<br /> — �� Ncbraska,�ubstitutc a succcssor to Utc'1'cu�tce namcd hcrcin or acting hcrcundcr.
<br />_, = —=-- �6 This Dccd of Trust applics io and inures to thc bcncfit of and bistds P.!! "'"��^c hnrnrr�.���n�r hnirc w+rcnnal rrnr�crnfn�n�nc
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<br />__ „ successors hud assigns. The term"Seneficiary"shall mcan Ute o�v�tcr and liolder of thc notc,n•hctl�cr or not named as Dcnefician
<br /> ` lurcin.
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